I have written many blog posts about the number of foreclosures in Scottsdale and Phoenix dropping. There are fewer Scottsdale foreclosures for sale than there were last year. Foreclosures in Scottsdale will routinely have multiple bids and ultimately sell for slightly higher than list price. New data from CoreLogic provides further evidence of support. Phoenix […]
Help for Home Owners Facing Foreclosure
Help for homeowners, agency expands the use of funds by Catherine Reagor – Sept. 30, 2011 12:00 AM The Arizona Republic Federal funding to help prevent foreclosures in Arizona is being expanded to more people because the effort has failed too many homeowners, according to the state agency charged with overseeing the program. Of the […]
Phoenix Foreclosure Notices for September 2011
The following is information about the Phoenix Foreclosures notices for September 2011 1. Active Notices of default for residential properties as of the end of August 2011 were 22,733 units. Down from last month of 23,302. This is the 9th month in a row that we have seen decreases in the number of Active Notices. […]
Up to 1 Million Foreclosures Delayed
An estimated 1 million foreclosure-related notices for defaults, auctions, and home repossessions that should be filed by lenders this year will be pushed back until next year, according to the latest report by RealtyTrac. While the delays could give home owners more time to catch up on their payments and try to avoid foreclosure, housing […]
Freddie Mac Offers Cash Discount for Scottsdale Condos
Freddie Mac’s HomeSteps unit is offering cash to buyers willing to purchase one of its foreclosed Scottsdale condos that have been lingering on the market. HomeSteps is hoping to unload some of its high inventory of foreclosed Scottsdale condos through the incentive program, known as HomeSteps Condo Cash. Through the “Condo Cash” program, condo buyers […]
Tips for Buying a Scottsdale Foreclosure
Fannie Mae has published some tips for buyers considering purchasing a HomePath foreclosure. HomePath foreclosures are certain foreclosures owned by Fannie Mae which are specifically targeted as owner occupied residences. The rules surrounding bids for HomePath foreclosures are designed to give American owner occupied homeowners an advantage over foreigners and investors. 1. Get pre-approved by […]
Tips When Making an Offer on a Scottsdale Foreclosure
We like to take our clients through the process of making offers on Scottsdale foreclosures step by step. We know that most people have never tried to buy a foreclosure before and it is new territory. Purchasing a foreclosure home is definitely a different process than buying a typical resale. Here are a few tips […]
Will Feds Rent Foreclosure Homes in Scottsdale?
The Wall Street Journal is reporting that the federal government is considering renting foreclosed homes instead of selling them right away. The Obama administration said this would prevent home prices from falling further. Rental rates are rising across the country as real estate prices fall. Lenders would be able to cover the cost of holding […]
Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2023. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
